Heraeus Group

And, uh, that's what we do.

And the second thing is that we, if we can't use the magnet anymore because its design has undergone some major changes or it's somehow broken or corroded, we collect these magnets and then give them to our partner, which is, uh, Heraeus.

Mm-hmm.

We've spent nine years researching with them on how to turn old magnets from electric cars, hard drives, e-bikes and, and, um, back into magnet powder.

I mean, I don't think any car manufacturer, tool manufacturer and company in Germany has their own magnet production.

So we order powder from China and practically manufacture a magnet from it.

Everyone else orders finished magnets from somewhere in the world, usually in, in China too, you know? So, uh, we've set up a process together with Heraeus to turn old magnets back into powder.

And because we have our own production where we need powder, we want to make new magnets out of these old magnets once we've made the powder, you see.